Lakeport is a Hamilton based beverage services company that produces full strength and non-alcoholic beer, alternative alcoholic, and non-alcoholic beverages. Lakeport was subsequently sold to Labatt Breweries of Canada.
Prior to NewPoint’s engagement as financial advisor, Lakeport had emerged from CCAA protection with a new management team and strategic focus. NewPoint was engaged to assist the Company in negotiating new senior debt to replace its existing funding, raise financing for planned capital expenditures and funding for the growth of the business in accordance with its strategic plan.
NewPoint was successful with the renegotiation of lending facilities with the incumbent lender on a cost-effective basis. The financing was sufficient to enable Lakeport to fulfill its corporate objectives.